Laissez-faire Quotes - page 2

Business firms, in which controlled cooperation takes place, are the first important implication of costly transactions. The laissez-faire filtering process, using the profit test, selects some of these business organizations for survival and rejects others. (Harold Demsetz)

What the heck is a neocon anyway in 2003? A friend of mine suggests it means the kind of right-winger a liberal wouldn't be embarrassed to have over for cocktails. That's as good a definition as any, since the term has clearly come unmoored from its original meaning. ... In social policy, it stands for a broad sympathy with a traditionalist agenda and a rejection of extreme libertarianism. Neocons have led the charge to combat some of the wilder excesses of academia and the arts. But there is hardly an orthodoxy laid down by Neocon Central. I, for one, am not eager to ban either abortion or cloning, two hot-button issues on the religious right. On economic matters, neocons--like pretty much all other Republicans, except for Mr. Buchanan and his five followers--embrace a laissez-faire line, though they are not as troubled by the size of the welfare state as libertarians are.

Max Boot

I'm pretty earthy; I nursed forever because I liked it and my kids liked it, but at the same time I'm very laissez-faire about stuff like bedtimes and food.

Ana Gasteyer

Insurrections!-The world, with its Wealth of Nations, Supply-and-demand and such like, has of late days been terribly inattentive to that question of work and wages. We will not say, the poor world has retrograded even here: we will say rather, the world has been rushing on with such fiery animation to get work and ever more work done, it has had no time to think of dividing the wages; and has merely left them to be scrambled for by the Law of the Stronger, law of Supply-and-demand, law of Laissez-faire, and other idle Laws and Un-laws.

Thomas Carlyle

[B]oth the communists and fascists revolutions definitely abolished laissez-faire capitalism in favor of one or another kind and degree of state capitalism.

Norman Thomas

Broadly speaking, the Southern and Western desert and mountain states will vote for the candidate who endorses an aggressive military, a role for religion in public life, laissez-faire economic policies, private ownership of guns and relaxed conditions for using them, less regulation and taxation, and a valorization of the traditional family.

Steven Pinker

Fascism entirely agrees with Mr. Maynard Keynes, despite the latter's prominent position as a Liberal. In fact, Mr. Keynes' excellent little book, The End of Laissez-Faire (1926) might, so far as it goes, serve as a useful introduction to fascist economics. There is scarcely anything to object to in it and there is much to applaud.

Benito Mussolini

I clearly believe a lot more than some of my coalition colleagues - Tories - in redistribution and using the tax system for that purpose. I also believe in the government having an active role in the economy, which is having an industrial strategy. I'm not a believer in laissez-faire.

Vince Cable

I believe, unlike people that are totally free-market, laissez-faire fundamentalists, that there is an important role that the government can play - one, in providing public goods, whether it's education, health care, or other things, and two, supervising countercyclical policy - stimulus, whether it's monetary, fiscal, or otherwise.

Nouriel Roubini

Political conservatives have focused on tax reduction as an economic growth strategy for three reasons. First it is self-serving; it saves rich people lots of money. Second, it comports with their ideological allegiance to laissez-faire economics. And third, tax incentives are less intrusive to business-as-usual than any other form of government planning.

Robert Kuttner

There is today hardly any country in the world outside the communist bloc which does not have a mixed economy. In fact, even countries which call themselves socialist would object to theirs not being described as a mixed economy, for it would imply that it was a totalitarian one, while countries like Germany or Japan, usually thought of as having typically free enterprise economies, would do the same; for, otherwise, it would imply that theirs was a nineteenth century laissez-faire economy. (J. R. D. Tata)

Imperfect markets are different. (...) Similarly, in Paul Krugman's neat adaptation, "all perfect markets are perfect in the same way: all imperfect markets imperfect in their own different way.” But truly perfect markets exist only in economists' models; in the real world, markets are imperfect. But within imperfect markets there is a range from those that work well enough for a laissez-faire approach to be broadly valid to those for which market failure or imperfection is extreme and inherent. The market for restaurants works pretty well. The best way to ensure a range of restaurants that provide us with variety, incentives for good service, and enjoyment of changing ambience and menu is to let entrepreneurship do its business-let thousands of flowers bloom, some to succeed and some to wilt.

Adair Turner, Baron Turner of Ecchinswell

The doctrine of laissez-faire in the mid-nineteenth century essentially allowed three functions for the government: first, maintaining the external defense of the country; second, providing for the internal order and security of persons; and third, possibly, providing for minimal public amenities. ... Criminalization and punishment became, undisputedly, the most legitimate and competent task of the government. There, for sure, government intervention was proper, necessary, legitimate, and competent. There, natural orderliness had to be replaced by governmental ordering.

Bernard Harcourt

It was in 1926 that John Maynard Keynes wrote his now famous essay "The End of Laissez-Faire." Since then, history has evolved through the Great Depression, "hot" and cold wars, the establishment of the Bretton woods regime, suspension of convertibility of the US dollar into gold, oil shocks, and the information and telecommunications revolution. The situation at the end of the 20th century seems to be quite similar to that of the late 1920s, having come full circle.

Eisuke Sakakibara

As was rightly pointed out by Karl Polanyi in the 1940s, the 19th century laissez-faire regime can be thought of as one in which society is forced to conform to the needs of the market mechanism. "Instead of the economy being embedded in social relations, social relations are embedded in the economic system" in this laissez-faire regime. However, it was precisely because of this that the system gradually disintegrated from the early 20th century into economic and social chaos. "Since society was made to conform to the needs of the market mechanism, imperfections in the functioning of that mechanism created cumulative strains on the body social."

Eisuke Sakakibara

As I plodded back and forth I reflected miserably upon my own political rootlessness, in a world where politics is so important. When I am with Tories I am a violent advocate of reform; when I am with reformers I hold forth on the value of tradition and stability. When I am with communists I become a royalist - almost a Jacobite; when I am with socialists I am an advocate of free trade, private enterprise and laissez-faire.

Robertson Davies

Big business in America today and for some years has been openly at war with competition and, thus, at war with laissez-faire capitalism. ... The left's attack on corporate capitalism is, when examined, an attack on economic forms possible only in collusion between authoritarian government and bureaucratized, nonentrepreneurial business. It is unfortunate that many New Leftists are so uncritical as to accept this premise as indicating that all forms of capitalism are bad...

Karl Hess

He seeks an economic order, alternative to the capitalist and communist, and finds this in sarvodaya based on nonviolence (ahimsa). He rejects Darwin's survival of the fittest, Adam Smith's laissez-faire and Karl Marx's thesis of a natural antagonism between capital and labor, and focuses on the interdependence between the two. He believes in the human capacity to change and wages Satyagraha against the oppressor, not to destroy him but to transform him, that he cease his oppression and join the oppressed in the pursuit of Truth.

Nelson Mandela

God could hardly damn me for a coward, great cosmic exemplar of laissez-faire that he is.

Michael Bishop

Since Hayek was radically scornful of human reason, he could not, like John Locke or the Scholastics, elaborate a libertarian system of personal and property rights based on the insights of human reason into natural law. Nor could he, like Mises, emphasize man's rational insight into the vital importance of laissez-faire for the flourishing and even survival of the human race, or of foregoing any coercive intervention into the vast and interdependent network of the free market economy. Instead, Hayek had to fall back on the importance of blindly obeying whatever social rules happened to have "evolved," and his only feeble argument against intervention was that the government was even more irrational and was even more ignorant, than individuals in the market economy.

Friedrich Hayek

[B]oth the communist and fascists revolutions definitely abolished laissez-faire capitalism in favor of one or another kind and degree of state capitalism. In neither form, fascist or communist, did the masses, through any sort of democratic process, either as workers or citizens, control the basic means of production and distribution . (Norman Thomas)

Imperialism Capitalism Faith Rationalism Primacy of the Spirit Materialism Idealism Sensualism Will-to-Power Will-to-Riches World as Object of Organization World as Object of Plunder Rank as Social Distinction Society as a Collection of Individuals Fulfillment of Duty "Pursuit of Happiness" Absolute Will to Biological Fertility Race-Suicide, Birth Control, Puritanism, Bohemianism Absolute Will to Increase Power Surrender to the World Hegemony of the West Hierarchy Equality Discipline Freedom, Ethical Laissez-Faire Authority Parliamentarism Aristocracy Plutocracy Society as Organic Unity Class War Sexual Polarity Feminism Europe as Imperium Petty Statism Europe as Nation Chauvinism Europe as Fatherland Petty Nationalism Order Freedom Stability Constant Motion, Business Cycles Art Practiced in Conformity with the Cultural Task "L'Art pour l'Art" Politico-Military Expansion Financial-Military-Economic Expansion.

Francis Parker Yockey

While laissez-faire economy was the product of deliberate State action, subsequent restrictions on laissez-faire started in a spontaneous way. Laissez-faire was planned; planning was not.

Karl Polanyi

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